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Oh drat, guessed wrong on the spike's direction today.
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Apr 2, 2020 20:59
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Dwight Eisenhower posted:I love everything about this stupid algo trading candle except not having a loving clue how to predict which way that fucker will go.
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Apr 2, 2020 21:00
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GoGoGadgetChris posted:Massive green candle. Light up your space bongs because we are ripping to the Moon
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Apr 2, 2020 21:00
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Josh Lyman posted:Rip my 4/9 SPY puts Just wait until tomorrow.
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Apr 2, 2020 21:01
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pmchem posted:me too, someone here who's been daytrading for a while figure this poo poo out because there is money to be made If you put a gun to my head and said "trade this stupid thing" I'd buy 0-1DTE calls 2 points above and puts 2 points below market at 3:49 with an immediate triggered order to sell back out at 10% profit. Josh Lyman posted:SPY closed at 249.70 at 3:49pm. Looking at strangles 251C and 248P with both 1DTE and 7DTE, there's not any money to be made. Stop reading my posts before I finish them!
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Apr 2, 2020 21:01
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FreelanceSocialist posted:Just wait until tomorrow. Futures are already green.
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Apr 2, 2020 21:03
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Could the mid and end-April SPY 165c be saved? Tune in tomorrow!
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Apr 2, 2020 21:05
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Inner Light posted:Futures are already green. Those can change overnight, you know.
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Apr 2, 2020 21:06
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gently caress, I'm being sent to North Ontario in two days and this ends my ability to play the market straight at open because I'll be busy working in the field again. Daaaaaaaamn.
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Apr 2, 2020 21:09
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Having work and keeping busy are good, my dude!! We'd best enjoy that while it lasts
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Apr 2, 2020 21:10
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Dwight Eisenhower posted:If you put a gun to my head and said "trade this stupid thing" I'd buy 0-1DTE calls 2 points above and puts 2 points below market at 3:49 with an immediate triggered order to sell back out at 10% profit. Josh Lyman fucked around with this message at 21:14 on Apr 2, 2020 |
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Apr 2, 2020 21:12
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lol at TSLA spiking 11% after hours on Q1 deliveries 88.4k vs 79k estimate. With their Fremont plant shut down, are they even making cars?
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Apr 2, 2020 21:13
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fougera posted:So tempted to add more shorts, but will hold off. Will probably regret tomorrow, but discipline. Ya same here. I had puts at 260s for DIA, sold all of those. Gonna hold for adding more puts. My perfect level would be 270 since that is the previous low of Dec 2018. The higher it goes the more interested I will be in puts. It's been kinda rangebound since last week and with implied volatlity collapsing its been hard to profit on options. I have completely switched to trading stock for now and only buying LEAPs on stocks I intend on exercise in January 2021 or beyond. Unless I see some defined momentum in either direction.
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Apr 2, 2020 21:16
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Josh Lyman posted:lol at TSLA spiking 11% after hours on Q1 deliveries 88.4k vs 79k estimate. With their Fremont plant shut down, are they even making cars? we'll find out in 3 weeks when they announce full Q1 results
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Apr 2, 2020 21:20
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fougera posted:So tempted to add more shorts, but will hold off. Will probably regret tomorrow, but discipline. I couldn't resist, I rebought half the spy 260s I sold yesterday, but may expiry.
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Apr 2, 2020 21:23
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Bought a bunch of SPXS at close with the intent to unload this week or next. Did I perfectly time another local bottom? Let's see!
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Apr 2, 2020 21:28
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Rime posted:gently caress, I'm being sent to North Ontario in two days and this ends my ability to play the market straight at open because I'll be busy working in the field again. Stay safe YVR goon, just go long with SPXL or SPUU and set stops because nothing can tank this market 
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Apr 2, 2020 21:33
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Josh Lyman posted:lol at TSLA spiking 11% after hours on Q1 deliveries 88.4k vs 79k estimate. With their Fremont plant shut down, are they even making cars? The plant didn't close until March 23rd so it's really Q2 that is going to take the brunt of any serious decline.
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Apr 2, 2020 21:33
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I wonder how many more like this get shaken from the tree in the next few months.
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Apr 2, 2020 21:35
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gay picnic defence posted:4.5m, not because that's how many actually lost their job but because that all that could be processed. I wasn’t far off the SPY guess 
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Apr 2, 2020 21:36
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gay picnic defence posted:I wasn’t far off the SPY guess loving unbelievable.
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Apr 2, 2020 21:40
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Josh Lyman posted:lol at TSLA spiking 11% after hours on Q1 deliveries 88.4k vs 79k estimate. With their Fremont plant shut down, are they even making cars? No. They produced 102k I believe. They technically showed growth in both deliveries and produced cars YoY because there 1Q was so bad last year.
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Apr 2, 2020 21:41
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Well at least now they're demand constrained rather than production constrained
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Apr 2, 2020 22:20
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https://twitter.com/CNBCnow/status/1245823385134862338 Tomorrow's gonna be real exciting.
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Apr 2, 2020 22:23
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Well today was stupid. Sold my /ES puts at a loss thinking we weren't going to drop, we dropped. Bought calls near VWAP but paper hands sold them at a loss. Proceeded to break even by scalping /ES. I was sitting in a long position near the end of the day right before that giant green dildo which saved my day.
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Apr 2, 2020 22:41
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saintonan posted:https://twitter.com/CNBCnow/status/1245823385134862338 JP Morgan: "So wait a sec... aren't bailouts only for insolvent *banks*? We can't just give money out willy nilly to random insolvent companies!!"
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Apr 2, 2020 22:52
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saintonan posted:https://twitter.com/CNBCnow/status/1245823385134862338 Honestly, no one is, and it’s the SBAs fault cause this is a clusterfuck. To add some content, I’m in commercial lending at a community bank. The SBA only provided an application yesterday, there wasn’t a list of required supporting docs until today I believe, and there are serious issues getting ahold of anyone at SBA to authorize new user accounts at Banks. They also haven’t provided a calculator for applicants to at least estimate an appropriate loan amount. Then there is the point Omerta mentioned regarding non-citizen owners which wasn’t in the law anywhere. This doesn’t mention the fact that every bank in the Nation is gonna hammer the SBA’s website starting at like midnight at the latest and will likely DDoS the thing immediately. tumblr hype man fucked around with this message at 00:04 on Apr 3, 2020 |
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Apr 2, 2020 23:55
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FreelanceSocialist posted:Is that basically "Shoot yourself in the head or we'll do it for you?" Nah, Boeing has a very old workforce, many of whom will take the buyout if allowed to.
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Apr 3, 2020 00:08
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tumblr hype man posted:Honestly, no one is, and it’s the SBAs fault cause this is a clusterfuck. Lol, how do I short small businesses that aren't publicly traded? Find out who they pay rent to.
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Apr 3, 2020 00:21
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https://twitter.com/SRuhle/status/1245820270704812038?s=20 Why do I get the feeling we're going to find out next week that all $350 billion went to politically connected "small businesses" that magically didn't have to jump through all these hoops. First come first served is a really dumb way to do this. Just give a week timeframe, and say all applications in that window will be treated equally. If it ends up being oversubscribed, then you get a percentage of what you asked for so the total comes out right. The way they're doing this is just tailor-made for corruption.
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Apr 3, 2020 00:36
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Charting .SPY200403P247+.SPY200403C252 I was seeing 4.4-4.75 at 3:49 and a peak of 5.28 during 3:50. Opened and sold at 10% may have filled for a two minute position. (That you can only do once a day)
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Apr 3, 2020 01:10
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saintonan posted:https://twitter.com/SRuhle/status/1245820270704812038?s=20 Yeah but then the grifters might not get as much free money
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Apr 3, 2020 01:19
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I have a borderline uncomfortable amount of puts in my portfolio due to buying more at high points. I’d very much like a red day tomorrow or Monday to lock in some gains and reduce my put exposure. The earliest expiration I have are 4/20 and at a very reasonable strike (250), so I still have a bit of time, but I’ll take my medicine rather than bag hold these to expiration if the market looks like it’s going back to 260-270.
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Apr 3, 2020 01:49
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I mean, gently caress commercial real estate. People might just break their leases in droves. So what are landlords going to do? sue? The standard office space is so antiquated and a waste on so many levels. tumblr hype man posted:Honestly, no one is, and it’s the SBAs fault cause this is a clusterfuck. Thanks for this. I was on a call with a consultant on PPP, a ton of them have been doing the conference call circuits, and he repeated “I don’t know, contact your local SBA approved bank!!” for half the questions.
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Apr 3, 2020 01:59
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Lmao the oil market got a massive pump based on Trump lying about an oil deal. Russia and the Saudis have clarified that there has been no deal on cutting production and they haven't even met yet(although they are open to having a meeting at some undefined date). WTI down 5% in futures and still dropping as that news sinks in.
strange feelings re Daisy fucked around with this message at 02:24 on Apr 3, 2020 |
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Apr 3, 2020 02:02
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I hope one day (probably years in the future) someone is able to unravel all the trades made by people close to him in the hour before he tweets, because I'm sure someone is making billions off of this. Hell, if you knew a week or two before he tweeted it could look slightly more plausible you weren't trading on inside information.
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Apr 3, 2020 02:11
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fougera posted:Thanks for this. I was on a call with a consultant on PPP, a ton of them have been doing the conference call circuits, and he repeated “I don’t know, contact your local SBA approved bank!!” for half the questions. It's going to be so hosed. This entire week has taken years off my life.
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Apr 3, 2020 02:38
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fougera posted:I mean, gently caress commercial real estate. People might just break their leases in droves. So what are landlords going to do? sue? The standard office space is so antiquated and a waste on so many levels. Yea I mean we're taking applications from our existing customers but whether we can actually get them into SBA is another story. We're also not making any guarantees about calculating the loan amount, whether they'll actually be approved or if the loan will be forgiven. I'm gonna get so many loving grey hairs from this.
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Apr 3, 2020 02:52
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My wife works at a credit union and she’s getting tons of calls from her business owner members about these SBA loans and they don’t even offer them. She’s basically getting bitched out all day and it’s definitely stressing her out. I can’t imagine how much more stressful it would be if they did offer them.
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Apr 3, 2020 03:04
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Ur Getting Fatter posted:Finally exited my PENN 4/17 puts at a horrendous, soul crushing loss, but they were DOTM and even with the how much the stock has been tanking these past three days, theta was still killing the option's value. This is me also but I haven't sold yet because I'm dumb
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Apr 3, 2020 03:20
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